Healthcare Underwriters Group Mutual of Ohio Pays Its First Cash Distribution to Its Insured Owners

http://www.emediawire.com

News ImageCOLUMBUS, Ohio (Business Wire EON) July 1, 2008 — Healthcare Underwriters Group Mutual of Ohio (HUOH), the only medical liability insurance company operating in Ohio that is owned and governed exclusively by Ohio physicians, announced today that it will make its first cash distribution to its policyholders. This action was approved by the Board of Directors after the company achieved outstanding loss results for the 2004 and 2005 policy years, closing both years without a single paid loss.

HUOH’s Chairperson, Gary Birnbaum, MD says: “This distribution to our policyholders is further proof that great doctors produce great results and also reflects HUOH’s strong financial position and confidence in the company’s future.�

HUOH’s vision and focus is to stabilize the volatile professional liability insurance market and ensure steady growth through a combination of disciplined underwriting and vigorous defense. The Company is financially strong and committed to keeping Ohio doctors in control of their professional liability insurance.

According to HUOH’s President, Howard Dickey-White, MD: “Insuring the right doctors, fighting claims aggressively and managing conservatively is what gives HUOH the results that deliver rate stability to its policyholders and provides predictability in a time of uncertain market conditions and challenges.�

Currently, HUOH is having an excellent year despite a softening market. Losses that remain consistently lower than average can be attributed mainly to the company’s exceptional policyholders, who are practicing excellent medicine and referring quality physicians to their company.

The HU Insurance model

HUOH is a non-profit mutual insurance company owned exclusively by its insureds, Ohio doctors. HUOH insures practicing physicians throughout Ohio and in all medical specialties. HUOH’s highly experienced management team has a zero tolerance for nuisance claims and aggressively defends its physicians.

For more information, call (866) 484-5717 or visit www.HUgroupOH.com.

see original

You may also like

Legislative panel approves medical malpractice bill
Read more
Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs
Read more
Global Center for Medical Innovation launches
Read more

Recent Posts

U.S. District Court Sets Aside Record Noneconomic Damage Award

Curi Holdings, Constellation Complete Merger to Offer Scale the Modern Healthcare Delivery System Requires

Connecticut Supreme Court Narrows Scope of Physicians’ Immunity from Civil Liability During COVID

Popular Posts

PIAA 2017: Current Trends & Future Concerns

2022 Medical Malpractice Insurance Rates: What the data tells us

Global Center for Medical Innovation launches

Start Your Custom Quote Process™

Request a free quote